Might it be overly generous to attribute these outcomes to recent actions by people in these instituions vs. the USD still being the world reserve currency?
Biden deserves credit for not screwing things up. "First do no harm", "a steady hand at the tiller". Trump has promised to meddle a lot more -- massive border tariffs, taking political control of the Fed, taking political control of the bureaucracy, etc.
It's sad that not screwing things up is high praise, but it is.
Biden deserves credit for not screwing things up. "First do no harm", "a steady hand at the tiller". Trump has promised to meddle a lot more -- massive border tariffs, taking political control of the Fed, taking political control of the bureaucracy, etc.
It's sad that not screwing things up is high praise, but it is.